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Strategies & Market Trends : The Millennium Crash

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To: Jumper who wrote (1585)	11/14/1997 12:05:00 PM
From: Staff	Read Replies (3) of 5676

Jump .. History is a good model... I've traded threw it.. Here is my 2 cents worth 1970's .. Oil .. only so much of it and we're using more every day. By the year 2000... the planet would be pumped dry. Oil went to $20.00/ barrel and was rising. Gas from 29.9 cents to a buck. It was a certianty that it was only a matter of time before we would have $100.00/ barrel crude prices. . Gas lines around the block were here to stay. Experts advice to the big time savvy investors Get into ... SOLAR ENERGY STOCKS!! The future is solar folks. The sun is here to say.. its clean..its there.its free. A real momentum play here gang. Buy oil-drilling companies with big potential finds. Those geological reports always showed the next big find was only 1 week away!! And..don't forget that great tax strategy of Oil well tax shelters. A great write off.. the IRS won't bug you at all.. it's legal you know... 1980's the buzz word was Real estate and junk bonds!. Only so much land and more and more people wanting to own it. values had to skyrocket. After all.. they don't make any more land.. only so much to go around right! Savvy Japan was buying America. their market was going nuts. Put all that retirement money in that Japan fund gang. They know what they are doing you know! Owned Hawaii..bought Pebble beach...Rockefeller center. At home.. land prices were even soaring. But wow..in n Japan..Hong Kong.. there was no top. Inflation was still on the rise. I mean common.. do prices ever go down on anything? It's common sense. right . inflation is here to stay folks! Remember Paul Volker? There was on tough S.O.B. ..this guy was the best man this country ever had.. when everyone in Washington hates you .you have to be doing something right :-) Trivia. .Anybody remember what brand of cigar he smoked? But every day the financial wiz kids would sing the song of how the rises in inflation and real estate would never stop. . Finance it now... worry about it later. Credit cards were the new rage.Get a GOLD card.. wow.. what a status symbol that was in the early days . The hot Big time investments to get into: Buy real estate...invest in S&L's and junk bonds... a cool concept to make big returns. Why get 7% on a conventional paper when you can get 20% in junk bonds? Last but not least... GOLD BUGS..H. Ruff..Dines.. all the guru's said it was a no brainer. Besides..how can you have a diversified portfolio without at least 25% in gold fell from $850.00 to $500.00 oz. and was a screaming buy due to go to $2000 oz. in no time. Silver was $50.00 and going to $100.00. :-) Bunker Hunt owned the stuff.. could someone as smart as the Hunt Bros. not know what they were doing? Common... msell the roses Joe public.. get in now.. don;t delay!!!!!! How the pro's doing so far??? The 90's Oil drops as low as $15.00/ barrel. Japan banks ( which are now the largest in the world... our largest is #12 gang)are in trouble because all the assets tied to the loans are real estate holdings of the 80's are overvalued and falling like a rock. Cash is king and gold lost its luster. Inflation is dead.. Volker killed it with his 2nd had smoke:-) Solar energy is only mentioned in 8th grade history classes and tied David Lettermans top 10 Carter administration fiasco lists. Right under Billy Beer:-). OK... the 90's... Here is what CNN.. Wall Street Week and Lou Dobbs tells you is the in thing gang... Invest long term. People who buy and hold stocks have never lost. The market always comes back to go higher. Look at 1929.. 1987... ( Yeah... look at Bre-X .. Diana Corp.. Comparitor and a few other good stick and stay buy and holds :-).. ok .. enough sick humor here) Buy and hold and if the market drops a 1000 points in a day don't panic. We have limits and shut down trading now. A safty switch. Its like 1929 when they locked up the banks to slow down the withdrawls. Brilliant. Anyway... your a long term savvy investor if you don't panic no matter what. The new buzz word is the internet. Everyone becomes a computer nerd and your weird if you don't own a PC. The new hot buzz is the Y2K crisis. Millions of computers going to go belly up and the market is measured in the billions. Invest in the biggest bull market in history. Put it all in the strongest most stable USA stock market. The pros advise... Y2K stocks... any US stock... inflation is dead so gold is a poor investment... the market is not overpriced... I see talk of Elliot Wave Robert... hey he's nuts.. see... back years ago when the dow was at 2000... he said it would go to 5000. Everyone said he was a nut.... now he says it will back under 4000 .... he's still nuts. things are different now! the market can't fall. So.... what do you think! :-)

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